No fees and top exchange rates. Get the most out of your money by checking our live comparison table.
Feel comfort knowing your money is safe. Remitbee is accredited by the Better Business Bureau online reliability program.
At Remitbee we don’t have any hidden fees or charges. Know exactly how much you’ll receive.
Customers can be drawn to the promises made by banks and other businesses while looking to sell their US dollars. Zero fees and Zero commission are appealing phrases. Unfortunately, it
True cost of currency exchange for 1000 CAD
*Per data collected on Jan 15th 2021*
Customers who want to save money should search around for the best exchange rate. With our live comparison table, we make it easy. To exchange currency with other banks, banks typically use a rate known as the mid-market rate. They do not, however, give this lower rate to their customers. To make a profit, they instead apply a margin to the exchange rate. They even tack on extra charges including a cash processing fee or an international transaction fee. You know exactly how much you'll pay up front with Remitbee, and you get a better exchange rate than banks and other providers.
You could be losing up to hundreds of dollars a month in foreign exchange fees if you get a salary in US dollars. If you change money to CAD every two weeks, for example, that's 36 payments a year. It's critical to choose the right service for your USD to CAD currency exchange needs if you want to keep some of your hard-earned cash in your wallet. For example, if you earn $3,000 USD per month and lose $30 every time you exchange , you will lose over $1000 every year. Choose Remitbee to convert your money with no foreign exchange fees and the best exchange rates online to make sure you're getting the most out of your money.
Remitbee currency exchange stacks up better than both banks and other currency exchange services. We charge ZERO fees, and unlike banks and other services, we are 100 percent upfront with how much money your exchange will get you and the exchange rate.
Choosing Remitbee will help you do better business. Then you can put the money you save on currency exchange and foreign transaction fees back into your company. We give the best exchange rates for your USD to CAD and CAD to USD needs, in addition to charging no fees. In 2019, the United States and Canada exchanged $718.4 billion in goods and services. If you're a company looking to exchange US dollars in Canada, Remitbee could save you thousands of dollars over the course of the year. You could be saving about $20 USD whenever you convert $1000 USD to CAD (as of November 2020). When converting $1000 CAD back to CAD you could also save $20-25 CAD. If you’re dealing in large sums, think of all the money wasted if you’re choosing the wrong foreign exchange service!
Since Remitbee is completely online, you can use our service at any time. Our mobile apps for iPhone and Android allow you to exchange money on the go. We start processing your transfer right away. The funds should then be credited to your bank account in two business days at the most.
You can easily exchange money using your bank accounts. First, connect Canadian USD account you want to pay with. Next, connect or select your Canadian CAD account, where we'll deposit exchanged CAD amount. Once both accounts are linked, review all exchange details and confirm transactions. Exchanged CAD amount will be deposited into your bank account within two business days.
Yes, with Remitbee you can deposit a converted amount into any CAD account in Canada under your name.
There is no charge. Remitbee Currency Exchange allows you to exchange your money quickly and conveniently for ZERO fees.
Currently, Remitbee trades USD for CAD and CAD for USD. In the future, more currency pairs will be available for your exchange needs.
The market exchange rate is the rate at which two currencies are exchanged between banks. It's the rate used when financial institutions do business with one another. This is what you see when you do a Google search for a rate, for example. Unfortunately, these rates are often reserved for transfers involving vast amounts of money — much more than the average person will ever need to exchange. The consumer exchange rate is the one you're probably most familiar with. The customer exchange rate is made up of the market exchange rate plus whatever profit margin the financial institution (in most cases, your bank) wants to make. When looking for the best prices, it's best to use the market exchange rate as a benchmark. The more closely the exchange rate resembles the market rate, the more cash you’ll get.
Yes, Remitbee has a maximum limit on how much you can transfer. Your Remitbee verification level determines the amount of money you may ask to change each day. If we have tested and verified you, you can exchange up to $50,000 a day.
Remitbee, unlike banks, specializes in currency exchange and can do it at a lower rate. Big banks profit from the fact that the majority of bank customers are unaware that there are other choices for foreign currency exchange. As a result, they continue to charge higher prices than other services because customers have not known any better for many years. Banks hide their high exchange rates behind complex fee systems, leaving customers unaware of the amount of money they're losing. Transparency is guaranteed with Remitbee: what you see is exactly what you get, with no hidden charges.